WASHINGTON (Reuters) – World Bank President David Malpass said on Thursday that the lender is preparing to disburse another $530 million to Ukraine by the end of October, financing enabled by guarantees from Britain and Denmark that brings total World Bank disbursements to the war-torn country to about $11 billion this year.
Malpass said it was appropriate for the world community to address Ukraine’s financing needs in a unified fashion despite needs elsewhere because Russia’s invasion is “causing massive problems for the world.”
(Reporting by David Lawder)